Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-12-11
NEW YORK LETTER.
..,rs CHARACTERS, AND INCIDENTS
s'N" Of TaS METROPOLIS.
,,.,,,iL GAost-changing His Name
EisSsId X.FOK-rh0 Happenings
OF a Night
....-...,,.,., CO Of tho Richmond DIspa'ch.l


...,,,,,., CO Of tho Richmond Dispatch.l
Nrv YORK. December 10, 1887.
- r S,ockwell. Npresident O
Al "a Mail Steamship Company
tae ",oclv. rcd-haired and fifty, is 4
sho'', tnriv bealthy-looking person &c
rem .,sosi but that term describes him
can %see1ncioI sense. Like some other
u p - Mall street. he has not un.
s..~.i,nc history. Once he was worth
N' yrs Now he is q small Spectator
,,~,Is and grain. lie came originally
~ C,eveland. Ohio. He married the
i1'.-t,er Of Elias Howe, the sowing
o--5 manufacturer, and became
i.,-,.,,d with the Howe Company
rr.l report. Conn, and finally
a. ,-.glcn.. He came TO Wall street
JUS ,sta with a small fortune, and pre-
l quietly and Systematically to crap
PIN the financial tiger whose stroke
ken the backs OF 50 many. lie
l-' .o ~ rather more than ordinary
t.'.c.,s ability, Of a saugune temperA-
vs.. ana. Ike So many hundreds before
NJ t,tboueht he might beara charmed
,,..-,l the battles of speculation and
hsrel chaplet in the Olympian
w.. - finance, even though disaster IS
.,-son ~ the many IN the herce
rs of the monetary arena and VIC
$50, mccd Of the few. For time
t.' 10y or.ranons were conducted with CIR
~, ,',.,e.,.ion. secrecy, and a certain
CO. ~ success. He seemed likely
.'.' 80 his thirst for wealth IN tina.
c..u..sl Bclcon which bubbles cool
la - clear 50 far up those mountain
heights Of business genus as TO be hope
icseiv bevond the reach oil the average
$50 IN The valley beiow-toilers with
90 ELECTROMAGNETIC. and tOilers with
-. g. whom 10 gittering Opportu-
90 ..---..'- comes. IN ancient philosopher
..tsj what man most needed IN
$3.50 tie heart Of a woman an
- IAN opportunity. " The same
!. ,rre 70 a large extent OF wealth.
~ m iraouut numbSkul Is rich be-
- 80 he hsl an opportunity TO acquire
.csltb and many man Of ability is
NV because 20 him no such opportunity
i,,r came Many a man has shown as
.,oc, h.s,ntSs skill IN making 81, 600 as
,b@ n,1.cu,arly favored tinancier or
'o.r,bss. has IN making 81, 0O0,0 O0.
SrAKED HIS FOFUrNE.
Al5co T.. Stockwell after a time cast
bis Lssn ewes on the Pacific Mail Steam
g,p Company as a possible source OF
colossal wealth. The stock had fallen
v,ry low. everybody was decrying il,
and naturally NE thought there might be
something in II. He determined first to
secure the control not only Of that COM
r,rr. Int % the Panama railroad. lie
In. all his energies toward this object,
easri bis fortune on a throw of the
dice. ior he IS a man who can stand the
l,zar3 a the die. aud ultimately he sue
ceeieI. He became president Of both
corporations The scene now shifts TO
Washington. that bOtbed Of financial IN
trrra Eaying formed an alliance with
TIE Mon Pacific railroad for tnnscon-
tneual business, Mr.. Stockwell secured
from Congress a large subsidy for the
Pacific Mai. as well ~ toe passage OF F
lsvwhich allowed that company Ia spec .
late ~ lis own stock. lie loaded up
heavily. and steadily increased his hold J
incs. And the future seemed Vropitious 4
VITA go len VroImaez 4 cloud no big /.
rer than a mans baud, lOv' down in the (
financial hoIizol, uunoticed ly the bat I
tline speculative world. Was the only I
u,rfeut VI Il con 1g t~isinE-s hurricane .
which vss 20 d.fmariic strOnghoIds OF 4
tasaN. fRetp b,g fortunes INTO the /
or. a1l Kirk O1i a wide tack OF ruin (
AID monetary desolatiOn- AS early as
etruaFy. ls75, thAt black year in /
tie 1ll1cial calendar, 1t became
.uoEr i.sr his enormous load
u Pacific nal was "a dead weight
on SrocEgels shoulders, planet on
t.e slculiers Of IA atias not strong
enough 70 bear IL The winds OF tho
s ~. y-cataci1Ig storm were already be-
g.-u.oq 10 whistle tbr5ugil Wall street,
Z, aev was growing tighter and tighter.
,o,lsterals once eonssieFed gilt~edzed
perc srruiinized by BANKERS With a
.14ke Of the head, and StockSeEl found
& Impossible to Work of hss load though
ms far be had met al bis engagements.
I1e ttor1a kent steadily increasing, +,
nd finally Pacific Mali came down /,
Fd crash fnoa 103 10 81, ;
4es.ug him a loss OF 100000 +
le Low bogJUwed mOaeT, pIedg}ng Z
J.lJ1 bhsfes Of Pne.6c Mail 10 Jay
iouli az ~, and settled bar heavy IN
.eu,einess by nog1gagIng the Howe Il
'eviug Machine Company, with which
.r Lad rctlOed his connection for
l.lUDJ4 Ihen he beraa TO pail tie
virus for tue purpose O4 securiug his re-
lection as president Of the Paeiae Maj,
Iu' the election Of May -, 1873, ans
Sll-d these hopes. a3d he WAS succeeded
by tie irIeDress.iae Bufas Hatch Sub
equentr he sscu,zd further sinews Of
Fay, but be had reached the e9i:nax OF
BIS iprtVuo the pasie Of 1919 ruined
nm, sld b. hss eogne dogn from the
-o11'1in sep by step uDth NV he IS
,npiv q suaan trader On The Consoli-
a,rd E1cha4ge and ar Gnimportant 1
pe1rlor n gran here 81 IN Chicago.
NAs1E cuASGTD. !
He Is Z ulan Of generous impulses. and
Then he vas vealiLy he lived Ike a
ru.ce and has y1rss was open 70 all the
'eaabezuas fnvpe.s Of Wall street.
Lenders o. tls Stock Exchange
struck him Tor hundreds Of pats and ]
ais snd win esrsless generosity no
matted them. He vas always ready 10
s1si frie1d shO had got over hts head
J the spees1lsstve vzteTG His so-cslled
7eI4ds Turned upon him IN the DAY OF
is trouble 4EeF the manner Of friends
J thsf eoi6en q1aTtsr, even as such
ascSeaIhs ~ pttails foz James r.
.eene, aoc stabbed him in the back
heo be kocd ora tde verge Of ruin.
carr ago BIZ. StoekgeIl remarked to a
lend at fra people called me
hr. StookTel.' When | came to Wall
acct tiey called me Captain Stock
eu.' When becaE1c president of the
acfie Naii they called me Commodore
tockueN When lost my fortune they
Ailsd tne that Yed-headed cuss from
,levebnd. And 30 it may always be.
he Wounded hon goes off TO die alone
nho'ded by the nerd aud the wounded
AdAior Of the Wall-street amphitheatrc
as tini-hesrted audience 10 witness
Is fnal struggle.
Two VIEWS oP RICHARD X. FOX.
Richard b. Fox, the sporting man and
Ffy Il Ia